Local Government and Economic Development in Western Europe

Research output: Contribution to journalArticle

8 Citations (Scopus)

Abstract

Local government is inescapably involved in the local economy. In recent years, explicitly interventionist economic policies have been widely adopted. Local economic intervention is justified in that global market rationality may not coincide with spatial economic ratio:nality. 'yet much intervention has been wasteful and unproductive and the opportunity cost of many policies is illappreciated. Local government should concentrate on enterprises and ventures commensurate with its powers and resources. While local government's economic powers are everywhere limited, a strategy can amount to more than the sum of its parts. Apart from their basic infrastructure responsibilities, councils should concentrate on stimulating entreprenlzurship, building local economic networks and encouraging the sense of place which leads to a sen:ie of common interest.
Original languageEnglish
Pages (from-to)301-312
Number of pages12
JournalEntrepreneurship and Regional Development
Volume1
Issue number3
DOIs
Publication statusPublished - 1989

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Economic development
Local government
Resources
Economics
Global market
Sense of place
Local economy
Economic power
Spatial economics
Responsibility
Economic policy
Rationality
Venture
Network economics
Opportunity cost

Cite this

Local Government and Economic Development in Western Europe. / Keating, Michael James.

In: Entrepreneurship and Regional Development, Vol. 1, No. 3, 1989, p. 301-312.

Research output: Contribution to journalArticle

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